Particula Launches the Digital Asset Risk Passport (PDARP) - Programmable Risk Infrastructure for Onchain Capital Markets

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Rating Reports

Our comprehensive in-depth reports deliver expert insights into the regulatory, compliance, technology, and economic aspects of diverse digital assets across global jurisdictions.

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View Particula Rating Report: Anemoy ($JTRSY), May 2025 blog post

Anemoy ($JTRSY) Rating Report: AA+ | Particula
Rating Reports
Fixed Income
May 13, 2025

Particula Rating Report: Anemoy ($JTRSY), May 2025

Particula has upgraded the rating of the Janus Henderson Anemoy Treasury Fund ($JTRSY) token from A+ to AA+ as of May 7, 2025.*

View Particula Rating Action: Anemoy ($JTRSY), May 2025 blog post

Anemoy ($JTRSY) Rating Upgrade: AA+ | Particula
Rating Actions
Fixed Income
May 13, 2025

Particula Rating Action: Anemoy ($JTRSY), May 2025

Particula has upgraded the rating of the Janus Henderson Anemoy Treasury Fund ($JTRSY) token from A+ to AA+ as of May 7, 2025.*

View Particula Rating Abstract: Blockstream Mining Note (BMN2), March 2025 blog post

Blockstream Mining Note (BMN2) AA- Rating | Particula
Rating Abstracts
Fixed Income
Mar 18, 2025

Particula Rating Abstract: Blockstream Mining Note (BMN2), March 2025

Particula assigns an AA- rating to the issuance of the Blockstream Mining Note (BMN2) token by Blockstream Mining as of March 5, 2025.*

View Particula Rating Report: Wellington ($ULTRA), February 2025 blog post

Wellington ($ULTRA) Token AA+ Rating | Particula
Rating Reports
Fixed Income
Feb 17, 2025

Particula Rating Report: Wellington ($ULTRA), February 2025

Particula assigns an AA+ rating to the issuance of the Delta Wellington Ultra Short Treasury On-Chain Fund token ($ULTRA) by Delta Master Trust as of February 17, 2024.*

View Particula Rating Abstract: SPIKO ($USTBL), January 2025 blog post

SPIKO ($USTBL) Token AA Rating | Particula Abstract
Rating Abstracts
Fixed Income
Jan 27, 2025

Particula Rating Abstract: SPIKO ($USTBL), January 2025

Particula assigns an AA rating to the issuance of the USTBL token by Spiko SICAV as of January 22, 2025.*

View Particula Rating Abstract: Backed ($bIB01), September 2024 blog post

Backed ($bIB01) Token A Rating | Particula Abstract
Rating Abstracts
Fixed Income
Nov 5, 2024

Particula Rating Abstract: Backed ($bIB01), September 2024

Particula assigns an A rating to the issuance of the bIB01 $ Treasury Bond 0-1 yr token by Backed as of September 18, 2024.*

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View Unlocking Multi-Venue Secondary Markets: GRADE Releases Its Issuer-Venue Eligibility Passport Framework blog post

Blog
Research Articles
May 13, 2026

Unlocking Multi-Venue Secondary Markets: GRADE Releases Its Issuer-Venue Eligibility Passport Framework

This paper introduces the GRADE Issuer‑Venue Eligibility Passport (“Passport”), a standardized assessment record: a structured, repeatable framework for evaluating issuer‑venue compatibility across legal, technical, operational dimensions.

View Particula Selected To Co-Structure RFP and Provide Independent Ratings for Keel's $500M Regatta Program blog post

Particula & Keel: $2.5B Solana RWA Regatta | Digital Asset Ratings
Blog
Press Releases
Dec 11, 2025

Particula Selected To Co-Structure RFP and Provide Independent Ratings for Keel's $500M Regatta Program

Abu Dhabi, UAE – December 11, 2025 – Particula, the leading rating provider for digital assets, today announced its collaboration with Kinetika Research on the 500M Keel Solana Tokenization Regatta.

View Obligate Partners with Particula to Bring Independent Risk Ratings to On-Chain Debt Capital Markets blog post

Obligate Partners Particula for On-Chain Debt Risk Ratings
Blog
Press Releases
Apr 23, 2026

Obligate Partners with Particula to Bring Independent Risk Ratings to On-Chain Debt Capital Markets

The collaboration integrates Particula's institutional-grade risk assessments into Obligate's regulatory-compliant on-chain debt capital markets platform, strengthening transparency and investor confidence for blockchain-based fixed income instruments.

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